Citizens Financial Group Inc (NYSE:CFG) Expected to Earn Q1 2019 Earnings of $0.88 Per Share

Citizens Financial Group Inc (NYSE:CFG) – Equities research analysts at Piper Jaffray Companies upped their Q1 2019 earnings estimates for shares of Citizens Financial Group in a research note issued on Tuesday, April 9th, Zacks Investment Research reports. Piper Jaffray Companies analyst K. Barker now expects that the bank will earn $0.88 per share for the quarter, up from their prior estimate of $0.85. Piper Jaffray Companies also issued estimates for Citizens Financial Group’s Q4 2020 earnings at $1.12 EPS.

A number of other equities research analysts have also recently commented on the stock. Citigroup raised shares of Citizens Financial Group from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $41.00 to $37.00 in a research note on Wednesday, January 9th. Goldman Sachs Group raised shares of Citizens Financial Group to a “buy” rating and lowered their price objective for the company from $44.00 to $40.00 in a research note on Monday, January 7th. Zacks Investment Research cut shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 7th. ValuEngine cut shares of Citizens Financial Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 21st. Finally, Wedbush set a $39.00 price objective on shares of Citizens Financial Group and gave the company a “buy” rating in a research note on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $41.36.

NYSE CFG traded up $0.55 during trading hours on Thursday, reaching $36.80. The company’s stock had a trading volume of 4,094,728 shares, compared to its average volume of 4,802,931. The stock has a market cap of $16.94 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 1.16 and a beta of 1.45. Citizens Financial Group has a fifty-two week low of $27.62 and a fifty-two week high of $43.12. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.57.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Thursday, April 18th. The bank reported $0.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.04. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.58 billion. Citizens Financial Group had a net margin of 22.96% and a return on equity of 8.88%. During the same quarter last year, the firm posted $0.78 EPS.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a dividend of $0.32 per share. The ex-dividend date is Tuesday, April 30th. This represents a $1.28 annualized dividend and a dividend yield of 3.48%. Citizens Financial Group’s dividend payout ratio is currently 35.96%.

Several institutional investors have recently added to or reduced their stakes in CFG. RKL Wealth Management LLC raised its holdings in Citizens Financial Group by 0.9% in the fourth quarter. RKL Wealth Management LLC now owns 33,064 shares of the bank’s stock valued at $980,000 after buying an additional 310 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in Citizens Financial Group by 0.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 85,820 shares of the bank’s stock worth $2,552,000 after purchasing an additional 339 shares during the period. Huntington National Bank boosted its holdings in Citizens Financial Group by 19.1% in the first quarter. Huntington National Bank now owns 2,149 shares of the bank’s stock worth $70,000 after purchasing an additional 345 shares during the period. CWM LLC boosted its holdings in Citizens Financial Group by 29.3% in the fourth quarter. CWM LLC now owns 1,536 shares of the bank’s stock worth $46,000 after purchasing an additional 348 shares during the period. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of Citizens Financial Group by 1.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 21,187 shares of the bank’s stock valued at $630,000 after acquiring an additional 373 shares during the period. 98.28% of the stock is currently owned by institutional investors.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provides retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

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Earnings History and Estimates for Citizens Financial Group (NYSE:CFG)

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